Vikas Gupta
(Tax Executive)
(530 Points)
Replied 02 December 2015
ayushi
(Student CA IPC / IPCC)
(33 Points)
Replied 19 December 2015
Thx vikas but commission receivd by flipkart would b taxable ryt ???
ayushi
(Student CA IPC / IPCC)
(33 Points)
Replied 19 December 2015
Thx vikas but commission receivd by flipkart would b taxable ryt ???
ayushi
(Student CA IPC / IPCC)
(33 Points)
Replied 19 December 2015
Thx vikas but commission receivd by flipkart would b taxable ryt ???
Vikas Gupta
(Tax Executive)
(530 Points)
Replied 21 December 2015
Yeah! Commission recd by Flipkart is its income and is taxable under income tax act within prescribed limit.
ayushi
(Student CA IPC / IPCC)
(33 Points)
Replied 16 May 2016
retailers cant charge vat????only wholeseller?????why so??
ayushi
(Student CA IPC / IPCC)
(33 Points)
Replied 16 May 2016
can you advice me how to study SM AND IT
Vikas Gupta
(Tax Executive)
(530 Points)
Replied 17 May 2016
If turnover of retailers/whole seller is more than the prescribed limit, VAT is charged. Perhaps you are talking about petty traders who sales daily domestic items such as milk, bread, shampoo, soap etc. They may not collect VAT from their customers only because of lesser turnover of sales as prescribed by state commercial tax department.
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